Guernsey has achieved another global first in sustainable finance, as Guernsey Finance celebrates the launch of a “pioneering” ‘Green Fund Cell’.
This part of a Protected Cell Company, operating under the Guernsey Green Fund kitemark, could potentially reinforce the island’s position in green finance.
Developed by Thornbridge Investment Management on the Fundline platform, in collaboration with Resilience Asset Management, the initiative introduces the Core Resilience Cell and Regenerative Growth Cell.
These have been authorised by the Guernsey Financial Services Commission, (GFSC), as a Class B scheme, highlighting Guernsey’s innovative cross-border fund solutions.
Key partners in the “landmark launch” included Carey Olsen as legal advisor, Suntera Global as fund administrator, and Butterfield Bank (Channel Islands) Limited on custody services.
Industry figures have praised the initiative, emphasising its innovative nature, regulatory robustness, and the practical value of the Guernsey Green Fund in driving positive impact, including Chief Commercial Officer at Butterfield, and member of the Sustainable Finance Guernsey Council, Jacob Cockcroft.
“Butterfield are proud to be part of this fantastic use of Guernsey’s Green Fund framework to create innovative financing solutions. Our extensive experience providing custody services in the Channel Islands positions us well to support the revival in investor interest in Guernsey Class B open-ended funds.”
Ian Horswell, the Head of Business Development at Suntera, added: “This is a cutting-edge investment fund structure that aims to draw both on Guernsey’s first-class regulatory framework for supporting cross-border fund solutions, but also leans heavily into its green finance capabilities. I’m really pleased that our team in Guernsey has been able to support with the launch of these new cells in what is a first for the jurisdiction.”
Partner at Carey Olsen, Matt Brehaut said: “We are delighted to have assisted on the successful launch of Fundline PCC Limited and its related investment cells. This is a significant achievement which reflects Guernsey’s enduring position as a premier jurisdiction for sophisticated fund vehicles that offer flexibility, credibility, and sustainable investment.”
Rupert Pleasant, Chief Executive of Guernsey Finance, said he is delighted with the launch.
“With the constant flux in international sustainable finance regulations, the Guernsey Green Fund provides certainty and pragmatism and remains a tried and tested route to make a positive impact.
“The launch of Fundline PCC demonstrates the value the Guernsey Green Fund as a kitemark, and of Guernsey’s expertise as a leading international finance centre for sustainable finance.”